6221 Atlantic BlvdMargate, FL 33063

Property Details for 6221 Atlantic Blvd

Year built

1991

Construction

CONCRETE

Lot size

0.27 AC

Property size (Sq ft)

3,634 SF

Zone code

TOC-C

Property type

Office properties

Property subtype

Office buildings

APN

48-41-36-02-0780

APU

484136020780

Description

This exceptional commercial property, located at 6221 W Atlantic Boulevard in Margate, Florida, presents a significant investment opportunity. The building encompasses 3,634 square feet and sits on a 0.27-acre lot. Its legal description is HAMMON HEIGHTS SEC 2 34-46 B LOT 3 LESS PT DESC IN PAR 136 OF CA 80-9432 FOR RD BLK 6. The property is classified as an "Other" type, suggesting versatility in its potential uses. The asking price is $1,000,000. This presents a compelling opportunity for a business seeking a substantial and well-situated office space in a thriving Florida community. The property's size and location offer considerable potential for growth and expansion. Prospective buyers are strongly encouraged to conduct a comprehensive due diligence process to fully assess the property's suitability for their specific needs and objectives. This includes, but is not limited to, a thorough review of all relevant legal documents and a comprehensive inspection of the building's structure and systems. The property's unique characteristics and prime location make it an attractive investment prospect in the competitive Margate commercial real estate market. Serious inquiries are welcome.

• CAP approach

  CAP return

  Valuation

  6%

  $1,080,400

  6.5%

  $997,293

  7%

  $926,058

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,073,556

  Geo Method

  $1,073,556

• Alternative Use

  Use

  Valuation

  Residential

  $1,236,643

  Hospitality

  $1,132,758

  Educational

  $942,442

  Medical

  $974,854

  Retail

  $1,466,020

Location Insight

City

Margate

County

Broward

State

Florida

Latitude

26.2358

Longitude

-80.2081

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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